28,679 Shares in Affirm Holdings, Inc. $AFRM Bought by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,679 shares of the company’s stock, valued at approximately $1,314,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Greenline Wealth Management LLC purchased a new position in Affirm in the fourth quarter valued at about $26,000. Triumph Capital Management purchased a new stake in Affirm during the 3rd quarter worth approximately $31,000. CoreCap Advisors LLC increased its holdings in Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after purchasing an additional 358 shares during the last quarter. Strive Financial Group LLC acquired a new position in shares of Affirm in the 4th quarter valued at approximately $33,000. Finally, Larson Financial Group LLC raised its position in shares of Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

AFRM stock opened at $81.79 on Tuesday. The stock’s 50 day simple moving average is $68.25 and its 200 day simple moving average is $62.83. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $100.00. The firm has a market cap of $27.39 billion, a P/E ratio of 74.35, a P/E/G ratio of 4.58 and a beta of 3.70. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The firm’s revenue was up 32.7% on a year-over-year basis. As a group, equities research analysts predict that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFRM. JPMorgan Chase & Co. raised their price target on shares of Affirm from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price objective on shares of Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Truist Financial raised their price objective on shares of Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Citizens Jmp dropped their target price on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.60.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.